government contract is working with the united states intel protests and come back in top this deserve to immigrate to the u.s. . another one here oh goodness. living a survival life here in afghanistan after working with the united states for 3 yes this is a bass so i want to share that with your audience and also came a mat and a bass is now living in the united states but he's concerned about intel protests who are not in the u.s. right now still hoping to get a visa have a look after this i'm currently in contact with a dozen iraqi translators who have faced a series of threats that cause them to move constantly from one place to another to stay alive for most of them their lives has been an escape and run from place to another says the u.s. pulled out the troops from iraq and those who can't afford it they go into another country rushes through the e.u. and wait for refugee status and those who cannot afford it they may move to another city province or another part of town so basically there are living in fear. for the rest of their lives if they don't get a visa to come here. wha

intel chief has been appointed as the interim president. we expect that he is inclined towards good relationships with france and the united states we think that will continue there could be some potential for violence and we are working closely with our country team there are in the sea did a precautionary drawdown of personnel to a minimum staff and we also have some military folks there working with the french and the embassy so we're watching this very closely to keep americans safe while this becomes a little more clear a little clearer a little complicated as well as opposed to because the u.s. as we heard along with friends as 2 of the western nations heavily invested in helping chan's and the regional players the fight against terror groups will have to sort of rethink their relationship with china did the days ahead with somebody new now in charge of the country. well you just heard the general expects that to continue the support to continue but it really depends on what happens in the next couple of days and weeks or even months

china's relatively fast economic turnaround to its ability to control its coronavirus outbreaks early and intel. of restriction so normal life in many cities resumed around the middle of last year but china's borders remain closed and uncertainty over when they'll open up again is undermining consumer confidence the chinese government expects more modest levels of growth later this year and has set an overall target of more than 6 percent to 2021 between e.u. al-jazeera shanghai. iran says it has successfully and reached uranium to 60 percent which is far beyond the limits set on the the terms of the 2015 nuclear deal on thursday iran attended more talks in vienna aimed at reviving that accord president joe biden wants iran to stop violating the terms if the u.s. is to rejoin terror on once the u.s. sanctions lifted 1st as a bag has moved into her own. ron is doing that because it's a reaction to what they have called the act of sabotage last sunday at their main nuclear facility in towns now iran announced that they would be enriching to 60 percent as well as installing a 1000 more advanced ce

to you poor who can be a for profit formatter a very intel nowhere sure thing. you do with your voice. die but a mere dilute our product you told the poor brother lived of us you know looked up to positive. people to vote but i got a judas priest was minus a tad of is tory good of course was cute and if you pray god not them will keep these pithy out but a financier out to pick can you imagine virtue go but as a little product what you know for sure nano. it will keep did what it does pay saw us it was pretty though if it had a globe it up turn out be appropriate you will see. what the people up we will have to know poured into you want to put me through all 3 locked into after me about it for i'm not up out there for. a little. brother living or i love him to school to you in the phone you don't you. understand when you say it's not what you want to focus on right now but i do want to ask you the question i think it it is screaming silently in the backdrop here because as you said anybody could do a better job you believe running brazil than the current preside

collar based out of work and during that time period did you complete some more education i did yes or intel in terms what that was received by a masters in the business administration fossil enhanced or. what year was that probably just 14. and some point did you leave that corporate investigative work as there were to go from there i went to the metro transit police department that's here in the newsroom many apples and. how long did you work there very short cut were to go from there i was hired by the status of special agent so is that part of the state government correct what agency is that department of commerce when you were at the department of commerce are you a licensed peace officer yes or. my probably a lot of people don't know that they're licensed peace officers and department right. what kinds of investigations that you do at the department primarily white collar investigations. and at some point did you leave the department of commerce that. and where did you go after that the bureau for my branch and what are you hired by the bureau of criminal apprehension 2900. and that's

towards me going to be a steward if you play god i must be out to you poke me for performer to the very intel no measure. you're going to. die but a mere dilute up toward the poor brother lived of us you know looked up to positive . people to vote but i got a judas priest was my necessity of this was told if you pray god not them will keep these pithy out but a financier out to pick can you imagine virtue go but it's a little product don't you know for sure nandu. projet i put it it will keep did what it does pay saw us it was pretty though if you had a globe it up turn out best for peace you will see. nobody that i you want to put me through all 3 locked into after me up tight there for i'm locked up tight there for. a little. bit of a living or i love them to school to you in the phone you don't you. understand so when you say it's not what you want to focus on right now but i do want to ask you the question i think it it is screaming silently in the backdrop here because as you said anybody could do a better job you believe running brazil than the current president the poll say you'll stil

do you poke me for performer to the very intel nowheres sure thing. you do with your voice. die but a mere dilute up but a lot of progress lived of us human looked up to positive. people to vote but i got a judas priest was minus a tad of the story to the priest was cute but i gather no temple could disappear theo but a female seattle can you imagine bitch you go but it's a little product what you know for sure not to. it will keep did want to leave the park with the dust they saw us it was pretty though if it had a globe it up turn out be a scorpion see it will see. no point in try you want to put me through all 3 locked into after me about it for i'm locked up tight there for. a little. bit of a living or i love them to school to you in the phone you don't you. understand when you say it's not what you want to focus on right now but i do want to ask you the question i think it it is screaming silently in the backdrop here because as you said anybody could do a better job you believe running brazil than the current president poll say you'll still a very popular figure in fa

in the little interface for use in full name intel and they put a fiction because they will let us in the not the last i think so unless you can see any children as a little 911 and what the. is he merely. an answer for gusto in certain districts more than 10 percent of the population suffers from cancer due to the copper industry. did put a limit. in look at that and if there were mental you know careful set that's in the good of all us young yes i mean i guess their time you deal was you there was the. let me deal. against it we were never going to him it. was a 2nd figure so that he told you so he would have fear you'll hear. if you see him in the center and if you. get to some of them and if you look at it when the. people who. are in the field i mean listen if you're going wildly and if you're very this. to me about. the energy transition sometimes turns to absurdity to make green energies the use of coal is increasing in certain places on the planet. the world of green tax is not as some consumerism magine. on the outskirts of oslo the countryside is immaculate and the norwegian

relatively fast economic turnaround to its ability to control its corona virus outbreaks early and intel. of restrictions so normal life in many cities resumed around the middle of last year but time is buddhism and closed uncertainty over rumble open up again is undermining consumer confidence the chinese government expects more modest level support later this year and overall target of more than 6 percent to 2021 between e.u. al-jazeera shanghai u.s. president joe biden is due to hold his fast pacing with a world leader in possum since taking office japan's prime minister you know she had a sofa has arrived in washington china is expected to dominate that folks as is the global economy so go and buy a consignment of worldwide shortage of semiconductor chips brunell's reports. semiconductors are at the heart of the devices many of us use every day from phones to game console household electronics and medical diagnostics to name just a few but now there are a shortage of the vital silicon chips in my 30 year career i've never seen a. demand exceeding supply to the extent that supplies we

intel might step back. if you look at intel in terms of the market, it lost out significantly to amd, nvidia and others. i think you need to be careful in terms of calling it a crisis verse more of what a view as an issue for the rest of this year. what we're seeing asia is it's probably going to last instill the fall or winter of 2021. but for electric carmakers and auto, they are the ones getting the gut punch, because they are the last in line when it comes to chips, and that is why you are seeing automakers across the board really see this issue as a big overhang. really see this issue as a big overhang-— really see this issue as a big overhanu. ~ ., ., ,, , overhang. what happens when we run out? ithink— overhang. what happens when we run out? i think right _ overhang. what happens when we run out? i think right now, - run out? i think right now, ou've run out? i think right now, you've already _ run out? i think right now, you've already started - run out? i think right now, you've already started

jason, inside intel, _ weekend. which is very good news. jason, inside intel, if— weekend. which is very good news. jason, inside intel, if your - weekend. which is very good news. jason, inside intel, if your paper, . jason, inside intel, if your paper, what do we know? give us an exclusive tonight. 1 what do we know? give us an exclusive tonight.— what do we know? give us an exclusive tonight. i specialise in olitics. i exclusive tonight. i specialise in politics. i should _ exclusive tonight. i specialise in politics. i should think - exclusive tonight. i specialise in politics. i should think i - exclusive tonight. i specialise in politics. i should think i will - exclusive tonight. i specialise in politics. i should think i will tryl politics. i should think i will try and find — politics. i should think i will try and find out. one would say that photograph i thought my god prince philip _ photograph i thought my god prince philip looks younger. and then i realised — philip looks younger. and then i realised it — philip looks younger. and then i realised it wa

the ro al will give us all the intel. the royal family _ will give us all the intel. the royal family do _ will give us all the intel. the royal family do these - will give us all the intel. the royal family do these things very well, _ royal family do these things very well, don't they? this is the first time _ well, don't they? this is the first time that— well, don't they? this is the first time that families will be getting together after the lockdown restrictions have been slightly east and this— restrictions have been slightly east and this is— restrictions have been slightly east and this is a very fine example of a son and _ and this is a very fine example of a son and his — and this is a very fine example of a son and his mother enjoying themselves in the gardenjust like so many— themselves in the gardenjust like so many other families across the country _ so many other families across the country no— so many other families across the country. no mention of the relatives in america _ country. no mention of the relatives in america i— country. no

and talking of walking, intel's engineers have developed a backpack that can help blind and visually impaired people navigate while out and about. the open source and non—profit project features a voice—controlled backpack that houses a stereoscopic camera and gps to track objects in real time. it then talks to the wearer, describing their surroundings. and finally, car—maker volkswagen changed its name to voltswagen to highlight its clean electric car after that whole diesel emissions scandal. the company posted some graphics and changed the name on its american twitter profile, but the german company eventually admitted it was just a hilarious april fools�* joke which it had posted early in march — famously, the wrong month for april fools'. now, a few years ago, we visited mit in boston, and one of the most memorable departments there was csail, the computer science and artificial intelligence labs, it is where they make all the weird robots. but now i worry the department might have put itself out of a job. you see, one researcher there has built a machine that can buil

. —— whether intel can compete. katie silver, bbc news. we've heard a lot about bubbles over the last year. social bubbles, covid bubbles, support bubbles. 0ne company has turned bubbles into a positive — in the form of their own version, the garden bubble dome. sales have boomed over the past year, with domestic and hospitality clients benefiting from the see—through structures as a covid—safe way to meet outdoors in cold weather. joining me now is adam lyczakowski, who's the founder and managing director of hypedome. welcome to the programme. good morninu. when did you come up with the idea? was during this pandemic or before? it was during this pandemic or before? ., , was during this pandemic or before? . , , ., ., before? it was prior to the pandemic. _ before? it was prior to the pandemic, just _ before? it was prior to the pandemic, just a week or| before? it was prior to the i pandemic, just a week or two weeks prior, we started in march, 2020, and very shortly after, the pandemic hit.- after, the pandemic hit. what ins - ire

on hunter— up to and trying to get the intel on hunter biden. but also they are investigating as well the ground of the us— investigating as well the ground of the us ambassador and whether something untoward happened there. 0k, something untoward happened there. ok. it's _ something untoward happened there. ok, it's rudy giuliani at the moment but 0k, it's rudy giuliani at the moment but then— ok, it's rudy giuliani at the moment but then you are only one wing away from the _ but then you are only one wing away from the president himself. the fornter— from the president himself. the former president himself. and that makes _ former president himself. and that makes it— former president himself. and that makes it a — former president himself. and that makes it a significant move. because this would _ makes it a significant move. because this would not have happened during a trunrb _ this would not have happened during a trump administration where there was a _ a trump administration where there was a kind _ a trump administration where

because intel has fallen behind. we've also suffered over the last -- and i would say this problem has been almost three decades in the making, where we don't like manufacturing in this country when it's extremely capital-intensive. a lot of investors are kind of allergic to capital intensity. so it is like, hey, the design part, ship that manufacturing overseas to someone who might be willing to do that. now all of a sudden we see a couple companies overseas who amassed a lot of capabilities, a lot of skills, and can actually make some good money on it. and it's like, oh, maybe we shouldn't have done that. joe: the whole the reason we are talking about the chip shortage, the acute chip shortage this year, it stems from the automakers in the parts that they are missing are not high-tech. in fact, they might cost $1 each. but if you identified a real weakness emerging at the high-end. if you look at what is going on at the white house today, these car companies, their need is not the advanced stuff you are talking abo

intel is the only one. intel is working closely with the u.s. government to build manufacturing capacity that includes -- going forward, i do think intel's ambition, especially with the new ceo, he developed chips, so he knows his tech. he wants to do both, building products for intel, also a foundry business for non-intel products. basically competing not with tsmc, maybe umc, global foundry. i think that because of the political situation with china and the u.s. more manufacturing back to the u.s. key companies taking advantage of all the help from government. juliette: thank you so much for your time. coming up, we break down the blowout quarter for the big banks on wall street. this is bloomberg. ♪ this is bloomberg. ♪ juliette: wall street banks are in focus with some earnings from -- pointing to another roaring quarter for traders. activity slumped but bankers take that as a sign of economic strength. su keenan joins us now. when analysts thought there was only one word to describe the goldman numbers, and that was wow. su: goldman tra

-- i can now use the intel project -- intel product and combined it with mind to come up with better hybrid solutions to meet costs and needs for the future. this is a chance for us to engage with the largest cloud manufacturers and largest tech companies in the world, and give them new opportunities to innovate, with u.s.-based manufacturing. to innovate with intel-based ip. and bring their own capabilities to the market. so far the response is very encouraging to those new cap abilities. -- those new capabilities. emily: historically intel had margins of 60% which reflected the strength of product and manufacturing, do you think you can back to that and went? -- and when? >> this is an investment cycle with factories wrapping up and we are putting more toward engineering and sink engineering teams wanting to come back to intel to bring us back but we expect over time we get to industry relevant margins in the foundry business and we will be competitive with leadership technologies. it is a good business area. as our products get back to leadership and unquestioned in every category

are going to want to turn to intel for manufacturing, so i think intel has a tough row to hoe, so i would not be looking at intel as one of the places where it would be best to invest in semiconductor -- in the semiconductor space. texas instruments, we have owned for a long time, a great investment. taiwan semi also has a very good road ahead of them in terms of growth. emily: thank you for helping us map out that road ahead. appreciate your perspective. thanks so much. coming up, we are going to take a global look at how the chip shortage is impacting the global economy. we had to asia and europe and look at the winners and losers in this crisis. that is next. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounc

intel plummeting. 4%. look at this chart because it , tells the story of the day of what happened on monday. you can see the blue line as nvidia spikes. the s&p 500 follows. after that we lost a bit of , steam and momentum. come back to me and look at my final board, the philadelphia semiconductor index, it has been plagued with volatility for weeks and months now. we are still up 9% on a three month basis. the supply shortage good for those chipmakers. there is a lot to work out and i know there is a man standing by to talk to you about that. caroline: a great run through a couple of things he sets as up for talking about monday's virtual white house meeting with president biden. telling companies vying for eight global supply of semiconductors that he has support for government funding to address the shortage that has , idled automakers worldwide, let's bring in ian king who covers the chip industry. is there anything possible to fix this in the near term? ian: i think even before, the answer is unfortun

emily: absolutely, i will be speaking with intel's new ceo. you don't want to miss that conversation. as global temperatures careen past critical levels, the u.s. and china are locked in a geopolitical and economic deathmatch, having set parallel and equally ambitious goals. bloomberg looks at it climate change will turn the world's biggest economies into unlikely allies or if there will be yet another conflict. >> china has an ambitious goal -- while it currently accounts for 1/3 of global emissions, president xi has pledged china will be carbon neutral by 2060 by boosting nonfossil fuel sources and green tech, from reducing pollution and pushing to "electrify everything," while hooking more indices up to clean energy. president joe biden is planning to beat china by a decade. he wants an image type and free electric grid in 15 years. china has a record of deals with the united states. while john kerry initially took a swipe at beijing's plan, he says he hopes the u.s. can work with china. parallel policies and key personnel could open up a n

i think intel is doing that. a lot of the reason is because of that. however, we think about the technology leadership's and the -- leaderships and structures, tsmc has an upper hand over intel on that front. we think intel joining the game will take some market share away from the existing market. we believe tsmc's leadership will continue, especially considering the years gap between the two companies. rishaad: with that in mind, you have the cost element. you also have other risks as well for intel. tsmc -- ones that tsmc perhaps does not have. can you outline them? sebastian: pardon me? rishaad: apart from the cost side of things, intel has other risks to getting their strategy working. sebastian: exactly. so there is definitely a lot of things for the new ceo to execute. i think intel has to focus on the chip design and also the new product strategies. they are not just doing cpu, they have a much more broader product to fill at the moment. they have competition from amd and from qualcomm, those guys. how to balance the product strategy growth goi

then you have intel, who is doing that. outside of that curve, you don't really have people who could easily step in at the leading edge. jonathan: pierre, we've got to leave it there. next time we've got to talk about tesla, too. need to bring you some headlines as well. the first of that headline coming out of russia. the russian opposition leader alexi navalny ending his hunger strike. the latest out of russia, some tension over that issue the last couple of weeks. in europe, ursula von der leyen and condor lion -- ursula von der leyen confident we can vaccinate 70 million -- vaccinate 70% by january. it's got to happen quickly, and that is the target. alongside tom keene and lisa abramowicz, i'm jonathan ferro. this is bloomberg surveillance. your equity market up seven points on the s&p. 1.5454%. "the real yield" will be coming up on bloomberg tv at 1:00 eastern time. interesting to see the ruble gaining against the dollar off of that navalny headline. from new york, this is bloomberg. ♪ ♪ >> we still have the long

that is primary intel who are getting away from that. caroline: that is why we saw the ramifications on intel stock. all things chips for us. thank you so much. you would not expect a company to actually think regulators after getting hit with a fine, much less a $2.8 billion fine. that is what goes on in china. alibaba doing just that, to thank the chinese government. shery ahn is with the story and a reminder. shery: you would not expect tech companies any the u.s. to thank regulators for the record find that is what happened in china. alibaba coming out with a statement saying they're full of gratitude and respect, saying they would not have achieved that growth without sound government regulation and service. we actually saw alibaba after being hit with this record $2.8 billion fine surge in the new york session and hong kong as well. the best day since june 2017 in new york. a couple of things. bloomberg intelligence saying the record fine is a small price to end uncertainty. jeffries saying it is a starting point for alibaba. it is

pat gelsinger, intel ceo, joins us next. this is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel, with guy johnson in london. this is the european close on "bloomberg markets." intel saw a steep decline in revenue profit margins. we will dig a little deeper into those results with pat gelsinger, intel ceo, and bloomberg's emily chang. emily: thank you so much for taking the time. shares are still down this morning. investors really concerned about margins, though you did slightly raise your full-year forecast. do you have to say to them right now? what do you have to say to the skeptics? pat: right now, a little bit disappointed to see the market's down on us. usually when you beat by $1 billion and raised by $500 million, i would expect the market to like that. but we understand some of the concerns around data center and where we are. we had a blowout last year in datacenter in the first part, and we were a bit ahead of where we thought on datacenter. we had some major new products in that area. exciting becaus

in good times, intel enjoys margins of 60%. we are down near to 50%, which is the signs of how the business is doing. the guidance for the 2021 fiscal year improves just slightly. in the near term if you look at guidance for second quarter, slightly better revenue growth. earnings-per-share comes down a little bit. they are still dealing with the global chip shortage and other supply strengths as well. shery: a bright spots? ed: the pc market. intel saying this could be a record year for pc demand. but i would say to the audience as i remember as a kid, the intel inside ads. it is still a major part of their business. covid has boosted demand for their pcs. they see that demand continuing into the rest of 2021. paul: how about the global shortage of semi conductors? what did intel say about its efforts to take on taiwan? ed: part of what is showing up in the financials is they are supply constrained. they said they could have done even better in the pc segment if they could have supplied more chips. this is not a quick fix. you

intel, of course, best known for its processors. they are sold to be used in computers, laptops, and data centers, which has been a really big growth area for them, and they have been at the cutting edge of that data center demand and have defended quite a bit, especially during the pandemic, as people spend more time at home and needed to use these cloud services that are powered by the data centers. anyway, revenue fell about 20% from a year earlier. there were concerns and questions from analysts about if we were losing market share in that business, which has been very profitable for them. this comes, of course, as intel is trying to engineer a broader turn around, trying to get back on track with its manufacturing capabilities and catch up with some companies that have jumped ahead of it in terms of manufacturing, like tsmc in taiwan. david: the broader story across the industry are these shortages. did you hear anything from the ceo? what was the spin? >> the ceo was asked about the shortages that have been hitting the chip in

that is where intel is doing well. pc and laptop demand remains robust. if we flip up the board, the coming quarter is strong. it seems revenue growth, though profit might strike -- slightly strength -- slightly shrink. there are supply constraints. the focus for analysts is the foundry business. the actual manufacturing is dominated by two names. intel is putting its money where its mouth is, $20 billion in two new plants in arizona. the ceo saying to analysts we are here to win. we are going to be very competitive and we are going to gain market share. he says the company has lined up 50 new potential customers who they will build chips for. that is at a time when customers like apple, amazon, and google are designing their own chips and looking to korean names to manufacture for them. real fighting talk and i know you will be speaking to the ceo tomorrow. emily: thanks so much. i'm going to be speaking with pat gelsinger tomorrow at 11:00 a.m. eastern time. you don't want to miss that. meantime, global temperatures korean past critical levels. the u.s.

intel executive vice president there. tune in for our special chip crunch for a deeper dive into the global semiconductor shortage and really the demand picture at 5:00 p.m. with emily chang. if you are watching this industry or other industries related like automotive, or if you are watching inflation, an eco-hawk, there is something for everybody on this program. here is something that caught my eye. in terms of tax increases, we hear a lot about it, it is going to hit millionaires and super millionaire earners in a very historic way, if they work and live outs of new york. they will be -- there will be tax increases that are reportedly only temporary, though we know how those tend to stick a lot, for people that make or than $1.1 million per year. in new york state, cuomo signed this bill, boosting it to well over 9%. if you live in new york city, it is well boosted to over 13%. if you add in federal income taxes, millionaires, especially those earning more than $25 million per year, could pay more than 50% of their in

they don't have the capabilities of a samsung or intel at this point. but they feel like this is a key sign that they need to build their own domestic chip industry. they will do it slowly, methodically. we saw in the latest five-year plan that they will dedicate billions of dollars doing this. they are more determined than ever because they have seen how vulnerable they are when it comes to something like the u.s. cutting off huawei and a few other companies there. emily: bloomberg's peter elstrom in tokyo. thanks so much for the view of your side of the world. coming up, tech giants apple, google, microsoft and amazon are getting into the chip design and manufacturing business. we will talk to amazon vice president dave brown about the company's own efforts to make chips as its massive cloud business expands. it is also happening at apple, google, microsoft, and more. that's next. this is bloomberg. ♪ emily: welcome back to a "bloomberg technology" special, chip crunch. as amazon has transformed to a cloud computing giant, it stands as one of the wo

we need the manufacturing, and intel's foundry is good news. we are emitted to work with existing partners, but also intel. it will take time. those conversations, a number of years, but that is a positive development, for sure. emily: who gets left behind then? cristiano:cristiano: look -- cristiano: look, the answer to that question is that more and more, i see the intent to develop manufacturing in multiple locations, samsung, one of the best-kept secrets, a large number of our chips are made in the united states, austin, texas. they are talking about more investment in the u.s. there will always be room for leading technologies, semiconductors, and it is all about the best performance. today, we work with those companies because they are leaders in performance. it is all about technology and is a great opportunity for intel as well, it is about technology and leadership. emily: thank you. we will be looking forward to view officially taking the reins later this year. thank you so much for joining us. coming up, twitter after hours, shares t

the summit included the bosses of alphabet, gm, intel, and ford. biden read the firms a letter from lawmakers supporting his $50 billion proposal for chip manufacturing and research. u.s. regulators are throwing another wrench into wall street's frenzy, cracking down on how accounting rules apply to blank check companies. the sec says warrants issued to early investors in the deals might not be equity instruments. president biden is calling for calm in minnesota after a police officer shot and killed a 20-year-old black man during a traffic stop on sunday. it sparked a new round of violence and protests. it comes as derek chauvin, a white police officer charged in the killing of george floyd is on trial in minneapolis. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. anna: thank you very much. coming up on the program, after a rocky start, europe's vaccination campaign is gathering momentum. we will discuss the impact on markets. ♪

intel came out with a $20 billion plan to build factories here. is there any hope that this kind of manufacturing, or is there a desire, for this kind of manufacturing to come back to the u.s.? ed: the way that you manufacture semi conductors is so intimately tied it to the quality of the product and margin the company earns on it. it takes time to install all plants and tool the machinery. we have a chart that shows the planned investment of intel, again samsung. they are going to spenllions of dollars, five times what intel will invest. so from a political point of view the question is, how can joe biden bring it back? what you're looking at is taiwan's exports. they have the biggest player in the world. so you can see nine straight months of gains in exports. it is not just a volume, it is the dollar value of those exports intimately tied t theo supply shortage we see. right now, the white house is an arms length from being able to address the supply shortage and are the only way to deal with it is to bring production back to the u.s., but if t

remember when intel had earnings? they saw their shares fall. the concern was that amd was stealing market share from intel. you have amd here saying, our data center business is pretty strong. the ceo of amd has transformed the company's offering in recent years. they do some business with taiwan semiconductors. there reliant on some of the third-party manufacturing. there is no explicit commentary at from executives. it seems that amd is doing well because of broad-based demand and because they may be stealing market share from intel. emily: amd is reliant on tsmc to manufacture chips. the ceo there making big moves. ed ludlow, thank you for that update. we will be following those results. coming, ev battery maker quantum skate recently called a scam. the quantum scape ceo heading back at critics. we will interview the ceo next. tesla shares down a day after the company recorded record profits. investors are shrugging. a sign perhaps -- among the critique from analysts, tesla did not offer specific estimates for vehicle deliveries in 2021. thi

we will bring our advanced r&d into intel who will use the fabrication plant that can produce at scale. we believe that is a great way to work together. we also believe that that will allow us together to be much better positioned to compete for the money that are in the chip stocks, endless frontiers, as well as the national semiconductor technology center, so those are all of those opportunities in front of us that can result from the work we do together for competitiveness within the nation. emily: ibm ceo arvind krishna there, you can catch the full interview at bloomberg.com. coming up, anti-vaccine groups on social media avenue targets. women, and they have been quite effective. as we had to break it, let's take a look at the original faang stocks all in the green. tech shares leading those gains. this is bloomberg. ♪ ♪ >> 12 accounts on facebook, twitter, and instagram account for 60% of this information on vaccines on your platforms. why in the midst of a global pandemic that has killed over a half a million americans that you have not taken these accounts down? emily: cong

what they plan to spend has dwarfed intel. the question is what influence does the biden influence -- the biden administration have to direct that spending? will they be able to get the non-us companies to invest in u.s. capacity. the acceptance across the board, this is not an overnight thing. takes billions of dollars to make new capacity and takes time to install it because the intricacies of manufacturing chips. alix: thank you very much. ed ludlow joining us there. matt bryson, wedbush securities svp for research joins us. no expectations for the summit. the rudimentary question, who wins, who loses if we see a reassuring? matt: i do not know that there is much of a loser. right now we are in a situation where there is not enough semiconductor production. i think if you are in hell or global foundry, it is -- if your intel or global foundry, it is great to be a supplier where you are offered incentives to manufacture domestically. i would also expect samsung and gsm benefit, assuming they're willing to relocate production

announced it would enter the cpu market, market dominated by intel for a long time. that caused a sharp drop in intel's shares and again in nvidia shares, and was a talking point in the industry monday. haslinda: one of the hottest vehicles on wall street, blank tech companies or spacs may have had a speedbump. bloomberg news learned the sec is raising red flags the market. su joins us for more. regulators are signaling rule changes may apply? su: we know for months the regular has been raising red flags for investors not being fully informing of -- not be fully informed of potential risks associated with spacs. it is cracking down on how accounting roles apply to a key element of these blank tech companies, warrants. warrants issue too early investors as a deal sweetener, might not be considered equity instruments. instead, they might be liabilities, measured at fair value, for accounting purposes. that is a big difference. again, these warrants are key part of the spacs. bloomberg news learned as ecb on reaching out to a lot of accountants last week. when one asked

nvidia saying it is the first processes that will extend the push into intel's market. treasury auctions. the 10 year yields were up to 167. we have another 30 year bond a sale tomorrow. oil finished higher. right now under pressure. paring gains in the regular session. prices struggling to break out of the recent trading range. berg has learned the sec -- bloomberg has learned the sec is telling accountants -- coming from the special purpose acquisition company's and reporting considerations. this was a record-breaking 2020 and the spac market has been booming in 2021. 300 spac's raising $90 billion in cash. the sec stepping in and trying to tamp down that fervor according to sports -- to sources speaking to bloomberg. sophie: watching for see if those lines on specs have any effect in asia. we are setting up our start for the region. this after stocks cap to a two day drop. aussie futures have set up higher. the aussie dollar trading sideways ahead of a weekly wages and jobs report. seeing a brightening picture ahead for jobs. the year end forecast to 5.5%. the rba is

and another company have both pledged $100 billion, five times what intel plans to spend. that is what we are looking for signs of on monday. how do you get more supply quickly? how long is it going to take? hopefully we will get some inside scoops on what is happening. emily: we know some of the executives attending include executives from intel and some car companies. thank you for that update. we will be all over that next week. coming up, the wework debacle capture the attention of the world in 2019. now the company's bison fall is featured in a new hulu documentary -- rise and fall is featured in a new hulu documentary. jed rothsteinjed rothstein more from -- more from jed rothstein next. this is bloomberg. ♪ emily: the company we work founded by adam neumann and backed by softbank was valued at $47 billion two years ago, but plans for an ipo imploded after investors raised concerns about its business model and adam neumann's management style. the pandemic has driven we work to close many locations, cut thousands of jobs, and renegotiate leases. now wework is in the

nvidia shares continue to rally will intel -- while until -- intel's slumped. that was not the only thing revealed. the company showed that the framework aims to help developers improve ai solutions. cloudflare ceo death he would joins us now. he said in the press release that you are working with nvidia and will bring powerful ai tools to bring applications to power future. tell us about the applications. matthew: four years ago, we launch our platform called workers. that allows any developer anywhere in the world to write code and deployed it across the cloudflare network. what we announced with nvidia today is we will be adding their gpu processors, which is a special kind of trip -- chip which makes artificial intelligence tasks more powerful. whether you are building smart doorbells or any type of device which today may not have the power to run advanced artificial intelligence on it, now that can be on the network itself powered by cloudflare and nvidia. caroline: how does this help you from a sales perspective, and cloudflare continue to protect cyberse